SSR Mining Inc. (NASDAQ:SSRM) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 6.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,327,251 shares of the basic materials company's stock after purchasing an additional 75,563 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.66% of SSR Mining worth $7,542,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SSRM. Price T Rowe Associates Inc. MD raised its stake in shares of SSR Mining by 18.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,324 shares of the basic materials company's stock valued at $207,000 after buying an additional 7,277 shares during the last quarter. Wedmont Private Capital boosted its position in SSR Mining by 207.5% in the 2nd quarter. Wedmont Private Capital now owns 55,839 shares of the basic materials company's stock worth $252,000 after purchasing an additional 37,680 shares in the last quarter. Catalina Capital Group LLC purchased a new stake in SSR Mining in the 2nd quarter worth approximately $86,000. Bank of New York Mellon Corp grew its stake in shares of SSR Mining by 62.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 779,778 shares of the basic materials company's stock worth $3,517,000 after purchasing an additional 298,898 shares during the period. Finally, HB Wealth Management LLC acquired a new position in SSR Mining in the 2nd quarter worth about $56,000. Institutional investors and hedge funds own 68.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SSRM shares. StockNews.com cut SSR Mining from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. UBS Group raised their price target on SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.18.

SSR Mining Stock Performance

Shares of SSRM traded down $0.46 during trading hours on Thursday, reaching $7.66. 2,646,534 shares of the company's stock traded hands, compared to its average volume of 3,382,858. SSR Mining Inc. has a twelve month low of $3.76 and a twelve month high of $11.35. The business's fifty day simple moving average is $6.03 and its two-hundred day simple moving average is $5.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -3.21, a P/E/G ratio of 1.05 and a beta of 0.69.

About SSR Mining

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.